Gujarat-based Suchi Semicon has started production of semiconductors without the Centre's incentive and plans to invest USD 100 million in three years, a top official of the company said on Sunday. Suchi Group Chairman and Suchi Semicon founder Ashok Mehta said though the company has applied for the Centre's incentive under SPECS (Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors) and India Semiconductor Mission, it does not want to hold on to production for the sake of incentives. "We have a full proof business plan. Our business plan is not primarily for incentives. We have set up a plant to do business. The Centre's approval will come when we meet their requirements. We have made USD 100 million (about Rs 840 crore) investment plan over three years," Mehta said. He said that the state government has approved 20 per cent incentives for the plant. "At the time of Covid when there was shortage of semiconductors, Prime Minister Narendra Modi had asked
The company has seen high demand from customers involved in generative AI and accelerated computing for its chips
China has banned exports of key materials used to make a wide range of products, including smartphones, electric vehicles, radar systems and CT scanners, swiping back at Washington after it expanded export controls to include dozens of Chinese companies that make equipment used to produce advanced computer chips. Both sides say their controls are justified by national security concerns and both accuse the other of weaponising trade. Analysts say the latest restrictions could have a wide impact on manufacturing in many industries and supply chains. Critical mineral security is now intrinsically linked to the escalating tech trade war, Gracelin Baskaran and Meredith Schwartz of the Center for Strategic International Studies, wrote in a report on Beijing's decision. The full impact will depend partly on whether US industries can compensate for any loss of access to the strategically important materials, equipment and components. Here's why this could be a tipping point in trade confli
The agreement, if finalised, would secure another customer for TSMC's Arizona facility, which is scheduled to start volume production next year
Trade minister Tengku Zafrul Aziz said Malaysia was closely monitoring developments after US President-elect Donald Trump said Brics members would face 100 per cent tariffs
Maharashtra plans to double its GDP to $1 trillion by 2030, focusing on manufacturing, EVs, semiconductors, and power reforms while maintaining its lead in FDI inflows and boosting infra development
The struggling chipmaker was in line for $162 million in grants from the Chips and Science Act to support plants in Oregon and Colorado
Japanese firms are keen to set up semiconductor units in India and they have all the expertise and specialisation to partner with domestic firms, Deloitte has said. It also said that skilled workforce, funds and continuation of support measures are key to push growth of the semiconductor sector in India. Japanese firms are "super enthusiastic" about India, Shingo Kamaya, Deloitte AP and SRT Leader, Deloitte Japan said. In July, Japan became the second Quad partner after the US to sign an agreement with India for the joint development of the semiconductor ecosystem and maintain the resilience of its global supply chain. The two countries signed the memorandum for semiconductor design, manufacturing, equipment research, talent development and to bring resilience in the semiconductor supply chain. With around 100 semiconductor manufacturing plants, Japan is among the top five countries to have a semiconductor ecosystem. Japan houses companies that are global leaders in raw form of .
Gelsinger, who resigned on Dec. 1, left the company before the completion of an ambitious and costly four-year plan to restore the company's lead in making the fastest and smallest computer chips
Awasthi said that CM Adityanath's dream is to make UP the most prosperous state of the country with its GSDP ahead of Maharashtra or any other
The restrictions could be unveiled as soon as next week, said the people, who emphasised that the timing and contours of the rules have changed several times
Yokohama-based company, which often draws comparisons with factory automation provider Keyence Corp., may also conduct acquisitions to expand into other arenas, such as cybersecurity
The Mate 70 is the first mainstream smartphone to include a satellite paging system, has an improved processor and runs on Huawei's own HarmonyOS Next operating system
India will come out with a legal framework to ensure data privacy that will encourage free data flow among trusted partners, Commerce and Industry Minister Piyush Goyal on Thursday said, as he sought investment in technology and innovation. Speaking at the UK India Business Council's 'UK-India Technology Futures Conference', the minister said India and the UK can collaborate on technology in the fields of AI education, telemedicine, climate modelling, precision agriculture and organic chemical, electronic and food industries. Goyal pointed out that it will be important to understand how in the future the digital world and sustainability issues will intersect. A major portion of energy will be consumed by systems that will churn out data and that will have an impact on sustainability issues, he said, adding that there are very few places in the world where there is an interconnected grid in the way that India has. The minister said that by 2030, India would have a thousand-gigawatt
Responding to another analyst question, Qualcomm Chief Executive Cristiano Amon said he does not foresee problems competing for business in China, which accounted for 46 per cent of Qualcomm's nearly
Nvidia, the world's most valuable company, believes its technology will help Google sort out one thorny issue
In April, TSMC agreed to expand its planned investment by $25 billion to $65 billion and to add a third Arizona fab by 2030
Ajai Chowdhry tells that India's strength is in design but it is used by global companies to develop their products in India, which needs to change
Taking lawmaker questions, Taiwan central bank governor Yang Chin-long said that the semiconductors and other tech products manufactured on the island are materials of such strategic importance
TSMC a few weeks ago notified the Commerce Department that one of its chips had been found in a Huawei AI processor